chgotom23
New Member

How do I find Land Value and Improvement Value for "Enter Property Tax Values"

I downloaded the desktop version because I'm doing a previous year. I've never rented my condo until recently so all this is a bit overwhelming right now. Where I'm stuck at the moment is the "Enter Property Tax Values". There is a field for "Land Value" and "Improvement Value". Since it's a condominium it doesn't seem very straightforward what the "land value" would be. I went to the Chicago Cook County website to check against the PIN number. I see an "assessed value" of 10,919. And then estimated property value says 109,190. Which, if either, do I use? I did originally pay 146,000 and I think I can get near to that even now, so that's pretty low in terms of value. Does improvement include paint, etc? This is for 2021 FYI. I'll need to do the same for 2022, too, when I eventually download/purchase that one, too.